Steven Berns - 20 May 2024 Form 4 Insider Report for Tradeweb Markets Inc. (TW)

Role: Director
Signature: /s/ Douglas Friedman, Attorney-in-Fact for Steven Berns
Issuer symbol: TW
Transactions as of: 20 May 2024
Net transactions value: -$85,660
Form type: 4
Filing time: 21 May 2024, 17:25:40 UTC
Previous filing: 14 May 2024
Next filing: 08 Nov 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TW	Class A common stock	Sale	$85,660	-760	-18%	$112.71	3,574	20 May 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 4, 2023.
F2	This amount includes 1,323 unvested RSUs in respect of the Class A Common Stock that are scheduled to vest on May 10, 2025, subject to the reporting person's continued service as a director through such vesting date or as may be pro-rated in accordance with the issuer's Non-Employee Director Compensation Policy, as disclosed in the issuer's Proxy Statement on DEF 14A filed with the SEC on March 28, 2024.

Content

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 4, 2023.

This amount includes 1,323 unvested RSUs in respect of the Class A Common Stock that are scheduled to vest on May 10, 2025, subject to the reporting person's continued service as a director through such vesting date or as may be pro-rated in accordance with the issuer's Non-Employee Director Compensation Policy, as disclosed in the issuer's Proxy Statement on DEF 14A filed with the SEC on March 28, 2024.